From the article: Electric vehicle sales in 37 countries reached record monthly highs in either March or April, as soaring fuel prices due to the war in the Middle East push consumers toward cars with lower ownership costs. EV sales had been on a ...
From the article: Electric vehicle sales in 37 countries reached record monthly highs in either March or April, as soaring fuel prices due to the war in the Middle East push consumers toward cars with lower ownership costs. EV sales had been on a downward trend in many markets as purchase incentives were rolled back, but the energy crisis has made them more attractive to consumers, underscoring a shift in the dynamics of EV adoption from being regulation- and subsidy-driven to being market-driven. Of the 150 countries for which data is available, 28, including Australia and the U.K., logged record-high monthly EV sales in March, according to data from S&P Global Mobility. Nine countries, including Brazil and the Philippines, saw record sales in April. In both March and April, EV sales exceeded the previous year's figures for 91% of countries, the first time since April 2023 that more than 90% of countries have seen increases. What's interesting is that even in western countries, like the UK and Australia, there has been a huge surge in EV sales in the last few months. submitted by /u/i_marketing [link] [comments]
